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Investments in Affiliates (Tables)
12 Months Ended
Dec. 31, 2022
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Schedule of Equity Method Investments
Equity method investments by business segment are as follows:
Carrying
Value as of
December 31,
Share of
Earnings (Loss)
Year Ended
December 31,
Dividends and
Other Distributions Year Ended
December 31,
20222021202220212020202220212020
(In $ millions)
Engineered Materials(1)
760 595 209 133 120 (204)(98)(137)
Other Activities53 58 11 13 14 (13)(14)(10)
Total813 653 220 146 134 (217)(112)(147)
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(1)Engineered Materials includes an equity method investment with losses in excess of its carrying amount due to the Company's guarantee of various debt obligations under agreements with third parties related to an equity affiliate (Note 19). This equity method investment was recorded in Current other liabilities (Note 10) as of December 31, 2022.
Schedule of equity securities without readily determinable fair value
Equity investments without readily determinable fair values by business segment are as follows:
Carrying
Value
as of
December 31,
Dividend
Income for the
Year Ended
December 31,
20222021202220212020
(In $ millions)
Acetyl Chain165 165 132 146 126 
Other Activities— 
Total170 170 133 147 126 
Schedule of Transactions with Affiliates
Transactions and balances with affiliates are as follows:
Year Ended December 31,
202220212020
(In $ millions)
Purchases590 334 249 
Sales and other credits72 74 42 
As of December 31,
20222021
(In $ millions)
Trade receivables— 
Non-trade receivables36 32 
Total due from affiliates44 32 
Short-term borrowings(1)
— 64 
Trade payables36 71 
Current Other liabilities37 12 
Total due to affiliates73 147 
______________________________
(1)The Company has agreements with certain affiliates whereby excess affiliate cash is lent to and managed by the Company at variable interest rates governed by those agreements.